Royal Bank Of Canada Boosts Mosaic Co (MOS) Price Target to C$31.00
Mosaic Co (NYSE:MOS) had its price objective upped by Royal Bank Of Canada to C$31.00 in a report released on Wednesday, StockTargetPrices.com reports. The firm presently has a “sector perform” rating on the stock.
A number of other research firms have also recently commented on MOS. Morgan Stanley cut their price target on shares of Mosaic from $27.00 to $25.00 and set an “equal weight” rating on the stock in a report on Monday, August 7th. Zacks Investment Research upgraded shares of Mosaic from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Stifel Nicolaus restated a “hold” rating and issued a $27.00 price target on shares of Mosaic in a report on Friday, July 14th. BMO Capital Markets restated a “hold” rating and issued a $25.00 price target on shares of Mosaic in a report on Friday, September 8th. Finally, BidaskClub cut shares of Mosaic from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$23.91.
Mosaic (NYSE:MOS) last posted its quarterly earnings results on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.25 by C$0.18. The firm had revenue of C$1.98 billion for the quarter, compared to analysts’ expectations of C$1.93 billion. Mosaic had a net margin of 5.20% and a return on equity of 4.03%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share.
In other news, Director Robert L. Lumpkins purchased 7,000 shares of the stock in a transaction dated Monday, August 21st. The shares were acquired at an average cost of C$19.94 per share, for a total transaction of C$139,580.00. Following the acquisition, the director now owns 9,339 shares of the company’s stock, valued at C$186,219.66. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Several institutional investors have recently made changes to their positions in MOS. Artemis Investment Management LLP purchased a new position in shares of Mosaic in the 3rd quarter valued at approximately $37,174,000. NN Investment Partners Holdings N.V. raised its position in shares of Mosaic by 146.0% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 2,547,323 shares of the company’s stock valued at $58,156,000 after purchasing an additional 1,511,638 shares during the last quarter. BlueMountain Capital Management LLC raised its position in shares of Mosaic by 105.6% in the 2nd quarter. BlueMountain Capital Management LLC now owns 66,928 shares of the company’s stock valued at $1,528,000 after purchasing an additional 1,265,856 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of Mosaic in the 2nd quarter valued at approximately $27,850,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Mosaic in the 3rd quarter valued at approximately $22,326,000.
The Mosaic Company is a producer and marketer of concentrated phosphate and potash crop nutrients. The Company operates through three segments: Phosphates, Potash and International Distribution. The Company is a supplier of phosphate- and potash-based crop nutrients and animal feed ingredients. The Phosphates segment owns and operates mines and production facilities in Florida, which produce concentrated phosphate crop nutrients and phosphate-based animal feed ingredients, and processing plants in Louisiana, which produce concentrated phosphate crop nutrients.
Receive News & Ratings for Mosaic Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mosaic Co and related companies with MarketBeat.com's FREE daily email newsletter.